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Aug 11, 2014
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the real mover overnight, stanley fischer speaking over in sweden. of course on the federal reserve saying global recoveries disappointing. a guy very much in the middle sounding very dovish. i think most people would agree, that was the reason we lifted around 3:00ing, 4:00, moved to the upside. china huge rally, too. that helped us. benchmark there, shanghai hitting the highest levels of the year. middle of the year, in a terrible shape, well underperforming now it's come up. we had inflation data that looked subdued. there's a new high. japanese stocks gains, it's not obvious why. high effort levels in four months, up 2% in japan. but the japanese economy's contracting. they had that tax hike, that's not good news. the prime minister abe will face tough decisions soon despite the rally. lots of comments from food companies. dean foods, disappointment, bigger than expected loss, talking about a rocky recovery from the ceo. balance of the year looks rocky what he says, continued unpredictable and dairy commodity environment. talking about lower numb
the real mover overnight, stanley fischer speaking over in sweden. of course on the federal reserve saying global recoveries disappointing. a guy very much in the middle sounding very dovish. i think most people would agree, that was the reason we lifted around 3:00ing, 4:00, moved to the upside. china huge rally, too. that helped us. benchmark there, shanghai hitting the highest levels of the year. middle of the year, in a terrible shape, well underperforming now it's come up. we had inflation...
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Aug 11, 2014
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vice-chair stanley fischer says the global recovery is disappointing. growth in the advanced economies has underperformed expectations. so much for pent-up demand i guess? >> well, yeah. so much for pent-up demand. talk about stating the obvious. i think the fed continues to be delusional. these guys are kidding themselves. looking at the numbers that reflect economy 100 years ago. they have sold middle america down the road. every central banker in the world is guilty of this right now. stuart: ouch. sold middle america down the road. they're all guilty. all right. thanks very much. everybody. that is it for today's "halftime report." thanks, everybody. more "varney" coming up for you next. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more gr
vice-chair stanley fischer says the global recovery is disappointing. growth in the advanced economies has underperformed expectations. so much for pent-up demand i guess? >> well, yeah. so much for pent-up demand. talk about stating the obvious. i think the fed continues to be delusional. these guys are kidding themselves. looking at the numbers that reflect economy 100 years ago. they have sold middle america down the road. every central banker in the world is guilty of this right now....
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Aug 11, 2014
08/14
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yerlan, stanley fischer speaking in sweden later today. are we going in the right direction with regards to fed policy? we keep seeing tapering. we're still a long ways from rates going up, we think, or is that the case? >> well, the markets still believe that we're on course for the end of the qe, so the tapering is on. but the main question is whether the policy rates will be revised soon after or to what extent those rates will go higher. so, i think this is the most important question. >> now, let's bring max king into this discussion as well. he's a portfolio manager at investec asset management, with us, too. max, welcome. what do you think in terms of fed policy? >> well, i think if the u.s. economy accelerates, then the federal reserve will need to raise interest rates, and that is wholly a good thing from the point of view of investors. we still want to see accelerating growth turning into something that brings forward subsequent busts in the next recession, so we would welcome interest rate rises as a response to higher economic
yerlan, stanley fischer speaking in sweden later today. are we going in the right direction with regards to fed policy? we keep seeing tapering. we're still a long ways from rates going up, we think, or is that the case? >> well, the markets still believe that we're on course for the end of the qe, so the tapering is on. but the main question is whether the policy rates will be revised soon after or to what extent those rates will go higher. so, i think this is the most important...
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Aug 11, 2014
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do not underestimate the impact of fischer this morning. i think taking the fed out of the mix for the next few days is very important to let the market continue to go higher. >> all right. that echoes as well some of the comments we heard from dennis lockhart on this program last week. >> yeah. i mean, if you look at the picture overall, the fed is still very much in focus, but it's taken a bit of a back seat to what's happening geopolitically. but what you want to keep an eye on, at least for the most part, is those geopolitical risks, we've had a number of guests come on over the past week, week and a half or so, and talk about the nature of trading around geopolitical risks. there is a sense among many of them that these types of catalysts, if you will, in the market are short-lived, maybe a little bit more to the short and medium-term side of things. so, yes, they affect the way things happen for trading. remember also that as we've seen this market bounce off the lows to the upside, it was only about a 4%, 4.5% pullback from the highs
do not underestimate the impact of fischer this morning. i think taking the fed out of the mix for the next few days is very important to let the market continue to go higher. >> all right. that echoes as well some of the comments we heard from dennis lockhart on this program last week. >> yeah. i mean, if you look at the picture overall, the fed is still very much in focus, but it's taken a bit of a back seat to what's happening geopolitically. but what you want to keep an eye on,...
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Aug 14, 2014
08/14
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chair. >> thank you, senator fischer. senator ayotte. >> i want to thank the chairman. i wanted to ask you, mr. osiecki, in terms of, i really appreciate the hard work that are truck drivers do, and i think it's important to point out, i met a lot of them in my state and a lot of them, they own their own business and our small businesses and independent operators as well that are working pretty hard. they're competing against rail and other things. so it's a, it's an important job and is highly competitive. and, frankly, one of the concerns that the phrase with me is that it's becoming more and more costly to own your own business to be a small operator in this context with not only some the things are being issued that w we're talking about toda, but also some of the new technology is being required. would you agree that harder for the smaller operators in this context? >> i think it is when our mandated technologies. i think that's the case. much of what i was thinking about was voluntarily adopted technology. because, and folks are worked around and it's a and fmcsa
chair. >> thank you, senator fischer. senator ayotte. >> i want to thank the chairman. i wanted to ask you, mr. osiecki, in terms of, i really appreciate the hard work that are truck drivers do, and i think it's important to point out, i met a lot of them in my state and a lot of them, they own their own business and our small businesses and independent operators as well that are working pretty hard. they're competing against rail and other things. so it's a, it's an important job...
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Aug 30, 2014
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our correspondent accompanied fischer -- fishermen as they went back to work. >> after a break of seven weeks, he's pulling in his nets aga in. since the cease-fire, gaza's fishermen have been allowed up to six not miles off of the coast. but he and many fellow fishermen are ethical. >> is good, -- it is good, but also not good. we want the sea to be opened up, so we can move freely. but it isn't. despite what we have been through. we wanted the right to fish up to 12 miles out. that is what the resistance and our government were demanding. >> until recently, the fishing zone was just three nautical miles. the area was completely over-fished, pushing fish prices too high for most gazans. the catch includes crab, which will fetch around one euro epr -- per kilo. not bad, but they can still barely make ends meet. fuel is expensive, and the fishermen are far from satisfied. >> without a cease-fire would bring a better solution. six miles is not enough. the israelis hardly gave ground. we have six miles in 2012. we hardly gained anything. >> the creation of a proper port in gaza was a key d
our correspondent accompanied fischer -- fishermen as they went back to work. >> after a break of seven weeks, he's pulling in his nets aga in. since the cease-fire, gaza's fishermen have been allowed up to six not miles off of the coast. but he and many fellow fishermen are ethical. >> is good, -- it is good, but also not good. we want the sea to be opened up, so we can move freely. but it isn't. despite what we have been through. we wanted the right to fish up to 12 miles out....
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fischer's wife also doctor tells us how she lost her home and is therefore does a story before i know. it didn't have to be a regular dorm farkle. in your blood. pressure this could be cheap this camp is designed for a thousand people but there are at least twice as much air now every afternoon officials managed to send up to three hundred refugees from eastern ukraine to different parts of russia but every evening even more arrive these people have managed to escape to to fight for a peaceful life is just beginning. notional from russian ukrainian border. the u.n. says over seven hundred thousand refugees have crossed the russian border since the beginning of the conflict and the humanitarian situation in ukraine is great moscow's offered aid to the battle zones but washington said it's not russia's place to do so he did the words were flying at a un security council meeting given that ukraine has allowed international humanitarian groups to deliver aid within its territory there is no logical reason why russia should seek to deliberate. apparently u.n. philanthropists think children
fischer's wife also doctor tells us how she lost her home and is therefore does a story before i know. it didn't have to be a regular dorm farkle. in your blood. pressure this could be cheap this camp is designed for a thousand people but there are at least twice as much air now every afternoon officials managed to send up to three hundred refugees from eastern ukraine to different parts of russia but every evening even more arrive these people have managed to escape to to fight for a peaceful...
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Aug 20, 2014
08/14
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BLOOMBERG
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stanley fischer is defending low rates for longer. dallas fed president says take away the punch bowl. mccarthy, he lives for debates like this. we have all become a bunch of fed geeks, i admit. who is right? which fisher? >> i think stanley fischer is right and the fed will keep rates lower for longer. i think they will start raising rates at the beginning of next year. some of the hawkish presidents want to pull that forward. tohink it's probably going happen later, because it's going to take that long for the fed to a comp was what they want to accomplish before they are raising rates. -- to accomplish what they want to accomplish before they are raising rates. but it's important to keep it open debate in terms of what policy should be, and also keeping the markets on their toes. there has been some complacency in the market with what monetary policy is and what it's going to be. argument thatthe if the fed wait too long there will be a setback and then they have to play catch-up? favorite recall the forecast in 2009, it was that w
stanley fischer is defending low rates for longer. dallas fed president says take away the punch bowl. mccarthy, he lives for debates like this. we have all become a bunch of fed geeks, i admit. who is right? which fisher? >> i think stanley fischer is right and the fed will keep rates lower for longer. i think they will start raising rates at the beginning of next year. some of the hawkish presidents want to pull that forward. tohink it's probably going happen later, because it's going...
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Aug 11, 2014
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stan fischer on the tape from sweden
stan fischer on the tape from sweden
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Aug 12, 2014
08/14
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KYW
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jeff bridges co starred with williams in the fischer king. >> i miss him. i'm sure you guys do too. what a gift he was to all of us. >> reporter: with that gift now gone investigators will continue to piece together williams last hours, and what drove him to take his life. danielle nottingham for cbs-3 "eyewitness news". >>> we have all watched, robin williams over the years, on television or on the big screen. our ukee washington had the chance to work with him on his last television show the crazy ones. >> show aired last april and taped in february in los angeles. ukee takes a look back now. >> reporter: whether it was for a still cameras a film camera or just being in his presence robin williams made you feel g it was great to see him again. i have interviewed him over the past 15 years on various projects. the crazy ones was not renewed for another season and robin told me six months ago after a full day of shooting that ended at 2:00 in the morning a tv series is a lot of work. >> we drop our satellite you are so excited about returning to tv. >> it has been exhaust continuing
jeff bridges co starred with williams in the fischer king. >> i miss him. i'm sure you guys do too. what a gift he was to all of us. >> reporter: with that gift now gone investigators will continue to piece together williams last hours, and what drove him to take his life. danielle nottingham for cbs-3 "eyewitness news". >>> we have all watched, robin williams over the years, on television or on the big screen. our ukee washington had the chance to work with him...
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Aug 12, 2014
08/14
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he won one for, good morning vietnam, as well as fischer king. he did so many great rolls throughout his career but for me growing up a laden, mrs. doubtfire. i always think my parents raised me but movies also raised me. i was raised by characters i saw on tv as well. mrs. doubtfire had dramatic messages and themes to that movie. resonate with me today. that was a wonderful thing. difficult sit down with him for a movie called happy feet two as well as nights of the museum and here's a piece of the interview that we did. >> what is that different aspect about you that makes you different that sets you apart from everybody else. >> physically who i am yes. >> i don't know, i have always done weird things, weird characters, kind of drawn to them, it sets me just the idea. >> growing up watching your movies i'm a huge fan, yes. >> someone with a tattoo. >> i said who is that. >> tattoo of mrs. doubtfire on the right calf, and went dude, metalica was taken what happened. >> i want to get that tattoo. >> yes, so, a glimpse of how he is funny off scre
he won one for, good morning vietnam, as well as fischer king. he did so many great rolls throughout his career but for me growing up a laden, mrs. doubtfire. i always think my parents raised me but movies also raised me. i was raised by characters i saw on tv as well. mrs. doubtfire had dramatic messages and themes to that movie. resonate with me today. that was a wonderful thing. difficult sit down with him for a movie called happy feet two as well as nights of the museum and here's a piece...
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Aug 12, 2014
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doubtfire and fischer king. here is last social media post sent you the by williams on instagram on throw back thursday, throw back have of him holding his daughter when she was just a little girl. williams posted it july 31st and fans are using post as a shrine to pay tribute to him. in the post williams says happy birthday, to miss zeld a ray williams, quarter century old to take but always my baby girl, i love you. heart break. >> she being one of his three adult children who he is survived by including his third wife. robin williams had a connection to our area as well. he film movie dead poets society in delaware released in 1989. >> that is where we find jennifer gist in delaware she's in middletown new castle county, jennifer. >> reporter: that is right, some scenes from that move write shot at saint andrews prep school while others were shot here, you can see already paying tribute, with the sign on the marquis earlier this morning someone dropped off a flower and candle which has since, stopped burning.
doubtfire and fischer king. here is last social media post sent you the by williams on instagram on throw back thursday, throw back have of him holding his daughter when she was just a little girl. williams posted it july 31st and fans are using post as a shrine to pay tribute to him. in the post williams says happy birthday, to miss zeld a ray williams, quarter century old to take but always my baby girl, i love you. heart break. >> she being one of his three adult children who he is...
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Aug 21, 2014
08/14
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rams' head coach jeff fischer talked about what it meant to the team. >> we are fortunate that we could provide an opportunity for these young high school athletes to get away, i imagine they were trying to get ready for games this week practicing in the park, not at their high school facilities. high school football is -- there is no better game than high school football. we didn't want them to be denied this opportunity. >> the students got to watch practice and spend time with the rams players. they even got a chance to join in an authentic nfl huddle. >> ferguson on three. one, two, three. >> ferguson! >> let's go! >> good luck tomorrow, boys. we'll be rooting for you. you know what i love america? fine barbecue, good times and zero heartburn. ♪ and that's why i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. >>you can't beat zero heartburn. prilosec otc. one pill each morning. 24 hours. zero heartburn. and cialis for daily use helps you
rams' head coach jeff fischer talked about what it meant to the team. >> we are fortunate that we could provide an opportunity for these young high school athletes to get away, i imagine they were trying to get ready for games this week practicing in the park, not at their high school facilities. high school football is -- there is no better game than high school football. we didn't want them to be denied this opportunity. >> the students got to watch practice and spend time with...
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my husband is a bass fischer, we have a champion boat and it is cool, it is fun, we fish, so he brought me in at 3:00 o'clock in the morning. >> hey, that is a good partner right there. >> competition runs through sunday. >>> it looks like the weather will be holding out for the weekend for anything that you choose to do out doors, case in point look at the beach, looking great this afternoon, on the beach, by the bay, whatever you want to be just a gorgeous day with sunshine. this is in atlantic city you can tell the the steel pier boards are busy as skies will stay clear through nighttime hours. storm scan three we have a few clouds but they are suppressed through southern delaware and eastern shore of maryland, rain to the south as well but we are counting on high pressure to keep that all far away from the delaware valley. temperatures ranging from 73 in the poconos to 82 in philadelphia. it is 80 in atlantic city. ocean water temperature has warmed up to 76 degrees. fair weather high pressure brings us sunshine temperatures in the 80's for saturday down the shore near 80 as well an
my husband is a bass fischer, we have a champion boat and it is cool, it is fun, we fish, so he brought me in at 3:00 o'clock in the morning. >> hey, that is a good partner right there. >> competition runs through sunday. >>> it looks like the weather will be holding out for the weekend for anything that you choose to do out doors, case in point look at the beach, looking great this afternoon, on the beach, by the bay, whatever you want to be just a gorgeous day with...
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Aug 18, 2014
08/14
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regulation and has the ear of president obama and the attention of the federal reserve vice chair, stanley fischer, is here. these ideas make wall street nervous and they're gaining traction. she will be here with what she says is wrong with the banking sector. >>> our old different marcus lemonis joins us after the bell. "the profit" star here on cnbc has a few things to say about this market. plus, marcus has accepted the ice bucket challenge for als and will do so here on the "closing bell" and you won't believe who he's going to challenge to do it next, kelly. watch out. >> i know. let's take a look at markets right now. with an hour left in the trading session, the dow is turning in a strong performance, up 168 points or 1% now. it's actually the nasdaq as well that got an early start in the green, helping boost the risk complex higher. it's up 38 points to 4,503. and the s&p 500, and this will be one to watch, is at 1, 69 right now. >> and what a great year that was. joining our "closing bell exchange," rob bartenstein from washington wealth management, steven hammers from compass emp funds,
regulation and has the ear of president obama and the attention of the federal reserve vice chair, stanley fischer, is here. these ideas make wall street nervous and they're gaining traction. she will be here with what she says is wrong with the banking sector. >>> our old different marcus lemonis joins us after the bell. "the profit" star here on cnbc has a few things to say about this market. plus, marcus has accepted the ice bucket challenge for als and will do so here on...
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Aug 21, 2014
08/14
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CSPAN2
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chair. >> thank you, senator fischer. senator hagan. >> thank you, mr. chairman. admiral winnefeld and secretary fox, thank you for your service and for the jobs that you do. i supported the recent budget after i heard from top military leadership in north carolina's military community about the urgent need to halt sequestration of our defense budget. and we've had a number of hearings in this committee about the negative effects of sequestration. and i think we all agree that if allowed to continue, sequestrationing will drastically reduce -- sequestration will drastically reduce future military readiness and jeopardize the national security of our country. we're still at war in afghanistan, it is essential that our service members are fully paid, fully equipped and receive the support and training that they need. however, i have strongly opposed the provision that was included in the murray-ryan agreement that cut the cost of living adjustment, the cola that we've been talking about, for our service members. we've made a strong commitment to our brave men and wo
chair. >> thank you, senator fischer. senator hagan. >> thank you, mr. chairman. admiral winnefeld and secretary fox, thank you for your service and for the jobs that you do. i supported the recent budget after i heard from top military leadership in north carolina's military community about the urgent need to halt sequestration of our defense budget. and we've had a number of hearings in this committee about the negative effects of sequestration. and i think we all agree that if...
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Aug 12, 2014
08/14
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FBC
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stanley fischer, number two at the fed, here is what he said about growth in this country, you and i agree we don't believe in that 4% growth. we think it will be revised like nobody's business, basic challenge on list of issues, restoring growth if that is possible. underperformance reflect as longer term growth shift in the economy and less growth and talks about supply. do you agree with him? >> yeah, 100%. the biggest reason for growth. i get back to the manufacturer outside of philly. there are is 1.6 trilliondollars of cash held by american companies. my clients are doing the same thing. we're hoarding it. we're very loathe to make investments and bring on more people right now. if businesses really aren't making those kind of invests and taking a risk, indicative of a non-business-friendly environment right now. you will not have growth unless that happens. i'm not seeing my clients. >> where americans have their money? gene? cash. number two, real estate. >> cash is it. cheryl: cash is king. gene, thank you very much. enjoy the rest of your holiday. >> you too. >> we want to
stanley fischer, number two at the fed, here is what he said about growth in this country, you and i agree we don't believe in that 4% growth. we think it will be revised like nobody's business, basic challenge on list of issues, restoring growth if that is possible. underperformance reflect as longer term growth shift in the economy and less growth and talks about supply. do you agree with him? >> yeah, 100%. the biggest reason for growth. i get back to the manufacturer outside of...
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Aug 21, 2014
08/14
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CSPAN2
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fischer. >> i think i heard about four our five rules i want to go through each one. first the state talked about a fundamentally different rule. you have a different struggle on a case-by-case bases to answer whether any app had different information and existed in the non-digital world. i heard a suggestion that if a laptop or smart phone is on someone's person that is different than sitting next to them. that is not correct about what is said in shamel. it lets you search and seize anything within a grabbing area. the person arrested at their desk in their office the reaching area is under search. there is also a discussion about the scene of the arrest and preventing a wipe or password from kicking in. the first thing to under is that applies at the scene only. all of the arguments about what the officer needs to be doing at the scene can be left for another case. what the government has shown at the best is there maybe tightly circumstances where this appli s applies. and on the password question that we didn't talk about, we outline how highly unusual as a factu
fischer. >> i think i heard about four our five rules i want to go through each one. first the state talked about a fundamentally different rule. you have a different struggle on a case-by-case bases to answer whether any app had different information and existed in the non-digital world. i heard a suggestion that if a laptop or smart phone is on someone's person that is different than sitting next to them. that is not correct about what is said in shamel. it lets you search and seize...
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Aug 28, 2014
08/14
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MSNBCW
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i will discuss with max fischer next. there's a reason it's called an "all you can eat" buffet... and not a "have just a little" buffet. because what we all really want is more. that's why verizon is giving you even more. now, for a limited time, get more data! 1 gb of bonus data every month with every new smartphone or upgrade. our best ever pricing with the more everything plan and 50% off all new smartphones. like the htc one m8 for windows or android. built to inspire envy. come get your more with verizon. [ jackhammer pounding, horns honking ] [ siren wailing ] visit tripadvisor miami. [ bird chirping ] with millions of reviews, tripadvisor makes any destination better. femaget three years interest-free financing with millions of reviews, and save up to $400 on beautyrest and posturepedic. even get three years interest-free financing on serta icomfort and tempur-pedic. but this special financing offer ends labor day at sleep train. >> russia is responsible for the violence in eastern ukraine. the violence is encourag
i will discuss with max fischer next. there's a reason it's called an "all you can eat" buffet... and not a "have just a little" buffet. because what we all really want is more. that's why verizon is giving you even more. now, for a limited time, get more data! 1 gb of bonus data every month with every new smartphone or upgrade. our best ever pricing with the more everything plan and 50% off all new smartphones. like the htc one m8 for windows or android. built to inspire...
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Aug 31, 2014
08/14
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KYW
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jeff fischer says it was a a football decision. he still has a chance to make a practice squad or get pick up by another team. >>> penn state opening up the season yesterday in dublin, ireland against the university of central florida. first game under new head coach james franklin. pregame ceremonies, at the the park classic in dublin with many loyal penn state fans there is there the coach hoping for a good start to the year. first quarter, christian hackenberg goes deep today shawn hamilton. this is a 44-yard connection. they later scored to go up seven to nothing. we will head to the third quarter and this time it is hackenberg again, finding geno lewis, wide opened, somehow, it takes three guys. this is a 79-yard score and penn state, will take a 20-ten lead. ucf making this game close. nittany lions needed this 36-yard field goal to win this one and james franklin gets win number one at penn state 26-24 the final. >>> an early start to the game did not bother the penn state faithful, who started college football season in sty
jeff fischer says it was a a football decision. he still has a chance to make a practice squad or get pick up by another team. >>> penn state opening up the season yesterday in dublin, ireland against the university of central florida. first game under new head coach james franklin. pregame ceremonies, at the the park classic in dublin with many loyal penn state fans there is there the coach hoping for a good start to the year. first quarter, christian hackenberg goes deep today shawn...
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Aug 21, 2014
08/14
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BLOOMBERG
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source of concern because it may slowdown of the economy which also faces a drag [inaudible] stanley fischer a little bit more dovish. janet yellen is speaking about labor markets. economists that bloomberg has spoken to suggest she will remain dovish. there is still funny of room for improvement in the labor market despite the improving figures. the caveat to last night's minutes, we had key wage, inflation data, since the july d toing which is surprise the downside. the unemployment rate is up. it gives the doves a little bit more ammunition ahead of jackson hole which kicks off today. >> the conundrum is markets. by 3%. bond yields are rising. stocks in the u.s. fell by retraced the losses. the dollar up as we know. volatility down. gold down. mixed messages in the market. the bond markets are telling us rates are coming sooner. the stock market does not seem to care or does not believe it. >> or the stock market says great. the economy is doing better so get ready and consumers, go spend. >> stocks will rise. latest data on the chinese economy was just released. the numbers were not too
source of concern because it may slowdown of the economy which also faces a drag [inaudible] stanley fischer a little bit more dovish. janet yellen is speaking about labor markets. economists that bloomberg has spoken to suggest she will remain dovish. there is still funny of room for improvement in the labor market despite the improving figures. the caveat to last night's minutes, we had key wage, inflation data, since the july d toing which is surprise the downside. the unemployment rate is...
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Aug 31, 2014
08/14
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KYW
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he have jeff fischer says it was a football decision and he fit in well. he still has a chance to make practice squad or get pick up by another team. >>> penn state opening up the season yesterday in dublin, ireland against the university of central florida. first game under new head coach james franklin. pregame ceremony in the classic in dublin with many loyal penn state fans there. there is the coach hoping for a good start to the year. first quarter, christian hack evenberg goes deep to sean hamilton. this is a 44-yard connection. they later scored to go up seven to nothing. we go to the third quarter and this time it is hackenberg again finding geno lewis wide open somehow. this is a 79-yard score and penn state, will take a 20-ten lead. now ucf making this game very close. tonightly lions needed this 36-yard field goal at the the buzzer to win this one and, and james franklin wins game number 126-24 the final. >>> early start to the game about to the bother penn state faithful who started the season in style. penn state alumni association held a watc
he have jeff fischer says it was a football decision and he fit in well. he still has a chance to make practice squad or get pick up by another team. >>> penn state opening up the season yesterday in dublin, ireland against the university of central florida. first game under new head coach james franklin. pregame ceremony in the classic in dublin with many loyal penn state fans there. there is the coach hoping for a good start to the year. first quarter, christian hack evenberg goes...
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now, as stan fischer reminded us monday, the central banks have had to revise down year after year their own projections. falling short of their oh projections. the reason is simple. using imperfect tools to try and achieve economic outcomes. so unless the other policymaking entities get into the game, then we are going to play this repeated game. meanwhile, the risk of financial instability goes up. my concern is, not whether the central banks are committed to being the market's best friends. they are. because they need the markets to attain the economic objective. my concern is that the tools may not be adequate. and at these valuation -- remember, everything has a price. at these valuation, markets are betting both on the journey and on the destination. >> it's joe. so i guess the question becomes on friday janet yellen comes to jackson hole and as you said probably tells the markets she continues to be their best friend. how is it that you should react as an investor or maybe even a trait trader on the other side of that? reducing allocation to equities, fixed income? what do you do?
now, as stan fischer reminded us monday, the central banks have had to revise down year after year their own projections. falling short of their oh projections. the reason is simple. using imperfect tools to try and achieve economic outcomes. so unless the other policymaking entities get into the game, then we are going to play this repeated game. meanwhile, the risk of financial instability goes up. my concern is, not whether the central banks are committed to being the market's best friends....
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and senator fischer. >> thank you, mr. chairman, i appreciate you holding this hearing today, and i would also like to thank all the panelists for being here. mr. be huerta, in your -- mr. huerta, in your testimony you identified several steps that the faa has already taken to help bring this new technology into our nation's aviation system. your testimony also discusses the challenges to broader and faster uas integration into our national air space system including such things as the pilot training privacy concerns, many of the things that have already been discussed. what do you believe is the federal government's biggest challenge for safe and efficient uas commercial integration into our national air space? >> i think the significant thing that we have to address is that right now, today, this technology operates by exception in the national air space system. and congress has directed us and the faa is very focused on how do we integrate this technology into the air space system. and there's a wide scope of things tha
and senator fischer. >> thank you, mr. chairman, i appreciate you holding this hearing today, and i would also like to thank all the panelists for being here. mr. be huerta, in your -- mr. huerta, in your testimony you identified several steps that the faa has already taken to help bring this new technology into our nation's aviation system. your testimony also discusses the challenges to broader and faster uas integration into our national air space system including such things as the...
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i thought the stanley fischer speech earlier this week was very important. i think basically what he said is there is a lot of stuff we don't know, a lot of uncertainty. as long as that is the case, let's stay on the cautious side, the dovish side. a similar message yesterday from carney -- from our carney as well. >> your perspective on the market? checks, the market is so sure, so sure, then pimco, the market is so sure of the euro will reverse. here we are, still have not broken 133, 21 billion of short positions in the market, are we so short as the worst is baked in? on whetherit depends overall people are willing to get engaged more. overall engagement is very low. >> the euro-dollar, the euro-yen? funds,s say the hedge the speculative money, they may be 20% invested, 30% invested in terms of risks. which means if that figure stays the same, then we are very short. but of course they could suddenly come in and do 100% risk and we could go a lot lower. i think that depends on the central banks. i don'tdoes not change, think risk-taking will increase a l
i thought the stanley fischer speech earlier this week was very important. i think basically what he said is there is a lot of stuff we don't know, a lot of uncertainty. as long as that is the case, let's stay on the cautious side, the dovish side. a similar message yesterday from carney -- from our carney as well. >> your perspective on the market? checks, the market is so sure, so sure, then pimco, the market is so sure of the euro will reverse. here we are, still have not broken 133,...
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stanley fischer has been known to throw chalk. >> i never did it. how weael spence on control our emotions when things go down. >> this is -- there are two things going on worth attention. the markets have not figured out how dangerous the global economy has become. secondly, we have these better than expected gdp reports. monetaryslated in policy. >> two crosscurrents. josh rosslyn, you are shaking your head yes. isyou agree that this possibly global contagion? as a global contagion, no. i agree we have a larger issue. the rate of recovery globally has not been what it has been expected to be. if you look and dig into participation rates, we have real reasons for concerns. there is too much irrational exuberance. >> what did you mean a moment ago when you said global markets are dangerous? the global economy, the tradable side of it relies on flows of people, information, capital and goods. four are under threat. we are shooting down airplanes. whereis a problem about to fly. cyber security as a bonus contention. tons of tension. the middle east is
stanley fischer has been known to throw chalk. >> i never did it. how weael spence on control our emotions when things go down. >> this is -- there are two things going on worth attention. the markets have not figured out how dangerous the global economy has become. secondly, we have these better than expected gdp reports. monetaryslated in policy. >> two crosscurrents. josh rosslyn, you are shaking your head yes. isyou agree that this possibly global contagion? as a global...
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janet yellen and the vice chair stanley fischer wilsey. -- will see. the guys with votes are going to win next year. >> i would love to see janet yellen show up with her dashboard. >> this speaks very much to her concerns in the labor market. >> that is the focus. reevaluating labor market dynamics. thank you very much, john. we will leave it there. we are looking ahead to jackson hole. subject ofe a conversation on "bloomberg surveillance." keep it right here on bloomberg television. "bloomberg surveillance" is up next with tom keene and the team. i will see you again tomorrow. ♪ . . >> this is "bloomberg surveillance." >> today is the day as bank of america is punished hardest by regulators. plus the previous nine, you do the math. the white house announces that an attempt was made to rescue hostages in syria. james foley and others were not rescued. inflation will move higher. just look at your monthly rent. good morning, everyone. this is "bloomberg surveillance." we are live from our world headquarters in new york. it is thursday, august 21. i a
janet yellen and the vice chair stanley fischer wilsey. -- will see. the guys with votes are going to win next year. >> i would love to see janet yellen show up with her dashboard. >> this speaks very much to her concerns in the labor market. >> that is the focus. reevaluating labor market dynamics. thank you very much, john. we will leave it there. we are looking ahead to jackson hole. subject ofe a conversation on "bloomberg surveillance." keep it right here on...
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. >> we will talk about the stanley fischer speech in stockholm that addresses better and if i met, better wages. weaker pound sterling is what we got. what else cap go >> 7:00 weekly number jobless applications. retail sales. very big deal, not a big number. looking for up .2%. business inventories. >> we call this ambiguity. about weird word segue. it is like debut. i digress. >> princeton. . am feisty today >> dear and macy's were poor before the bell. >> will bed cisco. interesting to see what john chambers is doing. >> i was thinking macy's would be interesting. i get a text message every other day from macy's with 50% about it. that eatingnt is into the margins? >> that is the morning brief. >> looking at equities, currencies and commodities. 1.33.ro sterling weaker as governor carney speaks. the fix is important. 14.13 is a better than good lower number. the quiet story of the past 10 days. there is the german two point year. -- the german two-year. here is normal. summerfor normal in the of 2014. here is banks and here is the negative two-year yield in germany. notice this. that is
. >> we will talk about the stanley fischer speech in stockholm that addresses better and if i met, better wages. weaker pound sterling is what we got. what else cap go >> 7:00 weekly number jobless applications. retail sales. very big deal, not a big number. looking for up .2%. business inventories. >> we call this ambiguity. about weird word segue. it is like debut. i digress. >> princeton. . am feisty today >> dear and macy's were poor before the bell. >>...
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. -- iey fischer, others mean, i think that is going to be how the fed will manage the economy going forward, and that is what it is currently debating. >> tim bitsberger with bnp paribas. overet, we need to wonder to you for a data check. >> before we get to the data check, just an update on the news we had run you earlier -- burger king and tim hortons to merge. this is a headline. they are in a packed with 3g, the brazilian private equity company, will own 51% of this new company. they will keep two iconic and independent brands. this is according to a company statement. burger king has commitments for $12.5 billion of financing. we had heard earlier that warren buffett would be involved through berkshire hathaway. the new announcement here is that this new global company billion in aut $23 system sales, over 18,000 restaurants in 100 countries, so quite a large footprint. the news here is that burger king and tim horton are combining. they are launching a new company in which 3g, the presen brazilin private equity come a, will take a 51% stake. u.s. futures are moving to the best
. -- iey fischer, others mean, i think that is going to be how the fed will manage the economy going forward, and that is what it is currently debating. >> tim bitsberger with bnp paribas. overet, we need to wonder to you for a data check. >> before we get to the data check, just an update on the news we had run you earlier -- burger king and tim hortons to merge. this is a headline. they are in a packed with 3g, the brazilian private equity company, will own 51% of this new...
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>> well, he's governor fischer, plus he misspells his name. he has a "c" in there. >> you have a $30 billion endowment right now? >> yes, university of texas system, yes, sir. >> what's harvard was because i was just looking -- >> i'm an overseer at harvard. >> what's the number? >> $36 billion. >> wow. >> now, remember, harvard is one university. but it has 15 hospitals affiliated with it. u.t. system has six hospitals but nine different universities. so it's a system for the state. >> right. okay. >> very important social role and south texas is where it will play its most important role. >> there's some really cool places where there are schools like university of texas permian bayen. >> proud of georgia, good on them. keep competing for texas. >> we're going to have more from richard throughout the rest of the hour. >> also a deal this morning. scientific games is buying bali technologies for $83.30 a share in cash. that's a total of $3.3 billion excluding debt. that price represents a 38% premium to bally's closing price yesterday. you co
>> well, he's governor fischer, plus he misspells his name. he has a "c" in there. >> you have a $30 billion endowment right now? >> yes, university of texas system, yes, sir. >> what's harvard was because i was just looking -- >> i'm an overseer at harvard. >> what's the number? >> $36 billion. >> wow. >> now, remember, harvard is one university. but it has 15 hospitals affiliated with it. u.t. system has six hospitals but nine...
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breaking his leg on said the pastor and underwent surgery on his back and star wars will feature jerry fischer as well among the the original cast >> : into for us tonight at 6:00 will be back at 8 see the >> : ...we need to break up. is it the biting? cuz i can stop? no! i love you and your show. it's cable. customers are more satisfied with u-verse. switch and we can stay together forever. forever? ow. i'm not gonna lie to you. it's also the biting. break up with cable. choose u-verse tv from $19 a month for 2 years. female narrator: it's posturepedic versus beautyrest it's posturepedic versus beautyrest with up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. mattress price wars are on now at sleep train. ♪ your ticket to a better night's sleep ♪ >>> "the insider" with perspective on today's trending stories. >> my heartbeat was like -- ba, ba, ba -- not good. >> robin's broken heart. did it cause his depression? >> after the surgery, you get very emotional. >> 30% of people who have heart surgery become suicidal. >> new revelations
breaking his leg on said the pastor and underwent surgery on his back and star wars will feature jerry fischer as well among the the original cast >> : into for us tonight at 6:00 will be back at 8 see the >> : ...we need to break up. is it the biting? cuz i can stop? no! i love you and your show. it's cable. customers are more satisfied with u-verse. switch and we can stay together forever. forever? ow. i'm not gonna lie to you. it's also the biting. break up with cable. choose...
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i think you saw fischer's speech, wanted on board, singhy. will be interesting to see, what will draghi do? >> important thing is to understand the flows here. if the bond trades at 1% in germany or whatever happens with jgbs in japan, chase yields chase treasuries even at these levels, great value because there's nowhere else to go. >> and the markets are doing that, but not as rapidly as they did in germany. i think you'll see as we finish the taper, the last few times qe ended, yield on 10-year was done. looks like it's going to do it again. >> art, see you soon, thank you. art cashin. >>> health care costs rise, and how are big companies handling? increasingly turning to the workers as jim referenced in the last hour of the program. we have the details on the 2015 insurance plans back at hq. >> simon, be ready to be a better health care consumer. according to the national survey on health out this hour, and employers bet the best way to drive down costs now is put workers at the center of the decision, and in 20 15, that means we're going
i think you saw fischer's speech, wanted on board, singhy. will be interesting to see, what will draghi do? >> important thing is to understand the flows here. if the bond trades at 1% in germany or whatever happens with jgbs in japan, chase yields chase treasuries even at these levels, great value because there's nowhere else to go. >> and the markets are doing that, but not as rapidly as they did in germany. i think you'll see as we finish the taper, the last few times qe ended,...
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. >> and grateful to senator nelson and senator fischer, senator ayotte and senator blunt for being here today, and i'm going to turn to senator blunt, and if he is still here, then go to senator nelson. >> thank you, chairman. ms. claybrook, i heard you say you'd like to work with the trucking association for safety for children. i think i heard you say that two sentences after you said something like this is the first time i've ever heard the trucking association care about, say they cared about whether children were hurt by trucks or not to. i would think those two things probably don't work out very well together. and i'm sure nobody here wants children to be hurt by trucks. i'm also sure that if you put more people on the road at five in the morning, more people are going to be on the road when kids go to school. i just don't think there's any way you can argue against that. and i'm sensitive to mr. dawson's point that people who are working different shifts all the time get into a rest pattern that's senate. you know, a -- significant. a lot of people work the night shift all the t
. >> and grateful to senator nelson and senator fischer, senator ayotte and senator blunt for being here today, and i'm going to turn to senator blunt, and if he is still here, then go to senator nelson. >> thank you, chairman. ms. claybrook, i heard you say you'd like to work with the trucking association for safety for children. i think i heard you say that two sentences after you said something like this is the first time i've ever heard the trucking association care about, say...
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as stanley fischer, the fed's vice chairman and by far my favorite central banker said today when he talked about disappointing growth in the world's economies, there's really only one choice when you're faced with terrible growth conditions, and that's to take advantage of what's out there and make some acquisitions. >> and jim rattled off a list of companies and sectors where this could happen. so, are mergers and acquisitions the only way for companies to spur growth in today's economy? with us now is michael nemeroff along with the panel. michael, good to see you. first of all, at the beginning of the year, a lot of people were skeptical that this long-foretold m&a boom was going to happen. now it seems it's really starting to happen, isn't it? >> yes, it really is. the strategic acquirers have upped the game. everybody's jumping into the pool. if you're not growing by acquisition, you have to slog through organic growth. it's not exciting to investors. so, virtually every household name that you see has jumped on the pile and is starting to participate in the acquisition game, a
as stanley fischer, the fed's vice chairman and by far my favorite central banker said today when he talked about disappointing growth in the world's economies, there's really only one choice when you're faced with terrible growth conditions, and that's to take advantage of what's out there and make some acquisitions. >> and jim rattled off a list of companies and sectors where this could happen. so, are mergers and acquisitions the only way for companies to spur growth in today's...
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. >> i think we're going to finally do better than 2% unless you're stanley fischer and you think we're stuck here forever. >> i don't think you're stuck here forever want but there are factors that suggest you're not going to go 2.5% over the long-term. >> that's sad if we're not going to grow back at 3.5% again because that's what the united states economy was capable of. >> it's what it was cable b of. >> it's not morning in america? who are you? i don't think i know you any more. >> look at what technology is going to bring us for the next ten years. >> we can have great technological gains. but here is another raemt. the population growth is much, much slower than it was 20 or 30 years ago. >> enough jobs for the people we have now? we don't need more people. >> faster productivity growth to offset that slow growth in labor. >> he's a downer. take it away. take us to break. >> i think -- who i think is i think a slower, stubbornly disappointing recovery means that this thing goes on for way longer than people think. i don't think this is a seven-year recovery. i think this is five
. >> i think we're going to finally do better than 2% unless you're stanley fischer and you think we're stuck here forever. >> i don't think you're stuck here forever want but there are factors that suggest you're not going to go 2.5% over the long-term. >> that's sad if we're not going to grow back at 3.5% again because that's what the united states economy was capable of. >> it's what it was cable b of. >> it's not morning in america? who are you? i don't think i...